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Principle 11 and other notifications

Price £

175

+VAT

Duration

90 minutes

We can run this course inhouse or privately just for you and your colleagues.

 

Please submit a training request to check availability and prices.

About the Course

Gain an understanding of Principle 11 in the UK regulatory regime. Learn how to meet regulatory expectations & make notifications effectively.

This course provides an understanding of FCA's Principle 11 and PRA's Fundamental Rule 7 in the UK and its importance in meeting regulatory expectations.

Participants will be equipped with the knowledge and skills required to effectively meet the expectations of Principle 11. Practical guidance will be provided on how to make a Principle 11 notification and other types of notifications to the regulators.

Learning Outcomes

By the end of the course participants will:

  • Understand the regulatory expectations behind Principle 11, including the requirement to notify the regulators in a timely and accurate manner. 

  • Have learned, through case studies, how to apply Principle 11 in real-world scenarios. 

  • Know how to make a Principle 11 notification, including how to ensure the notification is accurate and timely. 

  • Understand other types of notification that may be required under the regulatory regime. 

At the end of this course, participants will have a thorough understanding of Principle 11 in the UK regulatory regime, the regulatory expectations surrounding it, and the skills required to apply it to their specific business operations. They will also be equipped with practical guidance on how to make a Principle 11 notification and other types of notifications to the regulators.

Course Outline

This training course is designed to help indivdiuals manage their, or their firm's, relationship with regulators effectively. Participants will gain an understanding of the role of regulators, and how they work together to regulate the industry. They will also learn about the benefits of managing the relationship with regulators and what is expected of them to meet regulatory requirements. 


The course will cover core arrangements that need to be in place for effective relationship management, such as communication, record keeping, and compliance monitoring. Participants will also learn how to deal with unexpected situations, including regulatory investigations and enforcement action, and manage reputational risks and crises. Additionally, the course will explore bespoke topics that are relevant to the participants' business needs. 


Through presentations, case studies, group discussions, and practical exercises, participants will develop strategies to manage their relationship with regulators effectively and meet their business objectives. This training course will equip participants with the knowledge and skills required to succeed in their roles.

Required Knowledge and Skills

The course is suitable for anyone in a firm that is regulated by the PRA or FCA. This course can be adapted so that it specifically addresses individuals working in specific roles such as risk and compliance, front, back, and middle office personnel, board members, and senior managers.

About Your Trainer

Daiman Baker

Daiman Baker

Daiman has 20 years of experience in London-based investment banks in front office compliance advisory roles and in delivering regulatory change across multiple EU and UK pieces of legislation.

Leveraging his background as a lawyer, Daiman delivers design, implementation, remediation projects, business governance / management structures, SME / regulatory interpretation input, policy and procedure drafting and training.

At Leaman Crellin Daiman focuses on regulatory consulting and training to firms, both TradFi and those operating in the Web3 space.

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